DOGE Price Prediction: Follow the weekly RSI swing trading and the price range of $0.143-$0.127.

Technical analyst Kevin (X account name @Kev_Capital_TA) reignited the debate about the market structure of DOGE last Sunday. He urged traders to ignore the phenomenon of "constantly providing DOGE technical analysis just to participate" and instead focus on the two signals that have been guiding the price of this meme coin for over two years. "The situation with DOGE hasn't changed much," he wrote, "Don't let other analysts on this platform bombard you with DOGE technical analysis just to participate. We know what to pay attention to."

The fate of DOGE depends on this Kevin's perspective depends on the weekly chart he released on June 26. At that time, DOGE (DOGE) was hovering around $0.166—according to his chart, it is positioned at an ascending support level, which has been a determining factor since the bear market began in 2022. "From the weekly chart of DOGE," he said, "you will see that since the weekly RSI of the bear market broke, every time DOGE touches that level again (which has happened five times now), it experiences a significant rebound. If DOGE falls below that weekly RSI level and simultaneously breaks below the $0.143-$0.127 level, then it will determine whether the long-term price trend is bearish or continues to be bullish."

The chart shows that DOGE is just a few millimeters above the green 0.382 Fibonacci retracement level (0.13778 USD) and the weekly 200 moving average (the upper boundary of the downward trend line that has been in effect since May 2021). Previously, Kevin stated through X: "DOGE must hold above the weekly 200 moving average and the macro 0.382 Fibonacci retracement level, as well as the downward trend support level." Below is the horizontal "sand line" between 0.143 USD and 0.127 USD - Kevin marked this area with a bold yellow trend line.

Below the price pane, the weekly Relative Strength Index (RSI) also demonstrates its core meaning. Kevin has drawn a white band above the 40 line; the yellow RSI curve has now touched this band five times. Each marker corresponds to the price lows marked by orange circles on the main chart. The simple moving average (magenta) of the oscillating indicator has fallen below 50, but remains above the 40 support level, maintaining the integrity of the pattern.

Kevin's chart illustrates the hierarchical structure of Fibonacci checkpoints: the 0.5 retracement level at $0.18988 (red), the closely overlapping $0.618 ($0.26169) and $0.65 ($0.28548) (yellow), and the $0.786 ($0.41317) (blue). Two large purple supply box areas—one between $1.00 and $1.30, and the other between $2.20 and $2.70—represent potential bullish targets. Kevin does not predict how quickly these areas may come into play but emphasizes that maintaining the current cluster of support levels is the only prerequisite for any bullish argument on higher time frames.

The analyst also turned his attention to the broader digital asset space in a follow-up report last Sunday. He noted, "The biggest volatility of altcoins has yet to occur," linking potential breakouts to macroeconomic easing policies. If macroeconomic policies guide us to further loosen monetary policy, and the market sniffs this out... then the elements for a significant rise in altcoins are already in place. Altcoins have always needed the right elements to sustain outperformance over BTC for months. We are closer to the target than many might think; we just need to do a few more things to make it happen.

Currently, Kevin's information has been simplified to the basics: follow the weekly RSI bands and the price range of $0.143-$0.127. As long as both indicators are valid, this chart analyst believes there is no need to completely change his structural preferences.

(Source: NewsBTC)